News headlines about Urban Outfitters (NASDAQ:URBN) have been trending somewhat positive on Friday, according to Accern Sentiment. Accern identifies positive and negative news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Urban Outfitters earned a news impact score of 0.18 on Accern’s scale. Accern also gave media stories about the apparel retailer an impact score of 47.5578055462168 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news articles that may have effected Accern’s rankings:
- Urban Outfitters, Inc. (URBN) Entails a Thrust to Achieve Active Investors Attentions – Stock News Stop (stockmarketstop.com)
- Fishtailing Stocks: Urban Outfitters, Inc., (NASDAQ: URBN), Macy’s, Inc., (NYSE: M), Fiat Chrysler Automobiles NV … – Stocks In The News (press release) (tradingnewsnow.com)
- Can Restaurants Really Save the Struggling Retail Industry? (finance.yahoo.com)
- Urban Outfitters, Inc. (URBN) Expected to Post Quarterly Sales of $1.08 Billion (americanbankingnews.com)
- Is the sentiment expressed is pleasing? Pure Storage, Inc. (PSTG), Urban Outfitters, Inc. (URBN) – Market Movers (financialqz.com)
Shares of Urban Outfitters (NASDAQ URBN) opened at $32.53 on Friday. The firm has a market capitalization of $3,497.51, a PE ratio of 21.12, a PEG ratio of 1.81 and a beta of 0.73. Urban Outfitters has a twelve month low of $16.19 and a twelve month high of $35.55.
Urban Outfitters declared that its board has approved a share buyback program on Thursday, August 24th that authorizes the company to repurchase $20.00 million in outstanding shares. This repurchase authorization authorizes the apparel retailer to purchase up to 0.9% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.
A number of research analysts have issued reports on the company. Royal Bank Of Canada lifted their target price on Urban Outfitters from $17.00 to $21.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 16th. KeyCorp set a $26.00 target price on Urban Outfitters and gave the company a “buy” rating in a research report on Wednesday, August 16th. SunTrust Banks reiterated a “buy” rating on shares of Urban Outfitters in a research report on Wednesday, August 16th. B. Riley reiterated a “neutral” rating on shares of Urban Outfitters in a research report on Wednesday, November 1st. Finally, Deutsche Bank reiterated a “hold” rating and issued a $18.00 target price (down previously from $19.00) on shares of Urban Outfitters in a research report on Friday, August 11th. Three analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Urban Outfitters has a consensus rating of “Hold” and a consensus price target of $24.20.
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About Urban Outfitters
Urban Outfitters, Inc is a lifestyle specialty retail company. The Company operates through two segments: Retail and Wholesale. The Company’s Retail segment consists of its Urban Outfitters, Anthropologie, Free People, Terrain and Bhldn brands, whose merchandise is sold to its customers through retail stores, Websites, mobile applications, catalogs and customer contact centers.
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